Celsius (NASDAQ:CELH) Receives “Equal Weight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Celsius (NASDAQ:CELH) in a report published on Thursday morning,Benzinga reports. Morgan Stanley currently has a $42.00 price target on the stock.

CELH has been the topic of several other research reports. Bank of America cut their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. B. Riley cut their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group lowered their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Roth Mkm cut their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.28.

Celsius Trading Down 4.4 %

Shares of Celsius stock opened at $26.46 on Thursday. The stock’s fifty day simple moving average is $29.11 and its 200 day simple moving average is $38.22. The company has a market capitalization of $6.22 billion, a PE ratio of 36.75, a PEG ratio of 3.44 and a beta of 1.76. Celsius has a 12 month low of $25.23 and a 12 month high of $99.62.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently bought and sold shares of CELH. State Street Corp boosted its stake in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after acquiring an additional 165,329 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after purchasing an additional 2,754,722 shares during the period. Geode Capital Management LLC increased its holdings in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after buying an additional 1,072,859 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.